Live Oak Bancshares holder to sell 10K shares, $390K

James S. Mahan III’s proposed Form 144 would sell 10,000 pre-IPO LOB shares via Fidelity for about $390k.

Rhea-AI Filing Summary

Live Oak Bancshares, Inc. (LOB) is the issuer of common stock for which James S. Mahan III has filed a Form 144 notice of proposed sale. The filing covers a planned sale of 10,000 common shares through Fidelity Brokerage Services LLC on the NYSE, with an aggregate market value of $390,000.00.

The shares to be sold are identified as pre-IPO shares originally acquired from the issuer on December 18, 2008 for cash. The notice also lists a series of prior sales during the past three months by the James S Mahan Revocable Trust, typically in 10,000-share blocks, with transaction values ranging from $364,671.37 to $431,006.70.

Key Figures

Shares proposed to be sold: 10,000 shares Proposed aggregate sale value: $390,000.00 Recent sale value example: $364,671.37 +2 more

5 metrics

Shares proposed to be sold 10,000 shares Proposed sale of Live Oak Bancshares common stock by James S. Mahan III

Proposed aggregate sale value $390,000.00 Aggregate market value for the 10,000-share proposed sale dated September 2, 2026

Recent sale value example $364,671.37 Sale of 10,000 common shares on June 3, 2026 by the James S Mahan Rev Trust

Recent sale value example $431,006.70 Sale of 10,000 common shares on August 13, 2026 by the James S Mahan Rev Trust

Original acquisition date of shares December 18, 2008 Pre-IPO shares acquired from the issuer for cash

Key Terms

Form 144, Rule 144, Pre-IPO Shares, attorney-in-fact

4 terms

Form 144 regulatory

"144: Filer Information"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

Rule 144 regulatory

"See the definition of "person" in paragraph (a) of Rule 144."

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

Pre-IPO Shares financial

"Common | 12/18/2008 | Pre-IPO Shares | Issuer"

attorney-in-fact regulatory

"as attorney-in-fact for James S. Mahan III"

An attorney-in-fact is the person or entity given legal authority through a power of attorney to act on behalf of another for specific tasks, such as signing documents, voting shares, or handling transactions. For investors, this matters because it lets a trusted representative make timely decisions or complete paperwork when the owner cannot, much like handing keys to someone to run errands on your behalf—so checks on scope and limits of that authority are important.

FAQ

What does the Form 144 filing disclose for Live Oak Bancshares, Inc. (LOB)?

It discloses that James S. Mahan III has filed a notice to sell 10,000 shares of Live Oak Bancshares common stock, valued at $390,000.00, through Fidelity Brokerage Services LLC on the NYSE.

Who is selling Live Oak Bancshares (LOB) shares in this Form 144?

The planned sale is for the account of James S. Mahan III. The filing notes that the shares sold today and in the prior three months occurred in the James S Mahan Rev Trust, of which he is a trustee and account stakeholder.

How many Live Oak Bancshares (LOB) shares are proposed to be sold and at what value?

The notice covers a proposed sale of 10,000 common shares of Live Oak Bancshares, Inc., with an aggregate market value listed as $390,000.00 for the proposed transaction dated September 2, 2026.

What is the history of recent Live Oak Bancshares (LOB) share sales by the trust?

Over the past three months, the James S Mahan Rev Trust reported multiple sales of 10,000-share blocks of Live Oak Bancshares common stock, with individual transaction values such as $364,671.37 on June 3, 2026 and $431,006.70 on August 13, 2026.

When were the Live Oak Bancshares (LOB) shares originally acquired that are now being sold?

The shares identified for the proposed sale are described as Pre-IPO Shares of common stock acquired from the issuer on December 18, 2008 for cash.

Which broker is handling the proposed Live Oak Bancshares (LOB) sale?

The proposed sale of 10,000 Live Oak Bancshares common shares is to be executed through Fidelity Brokerage Services LLC, with the transaction listed for the NYSE market.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/02/2026 - 02:02 PM Accepted by SEC EDGAR 09/02/2026 - 02:01 PM Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001036743
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	Live Oak Bancshares, Inc.
SEC File Number	001-37497
Address of Issuer	1741 TIBURON DRIVE WILMINGTON NORTH CAROLINA 28403
Phone	910-790-5867
Name of Person for Whose Account the Securities are To Be Sold	MAHAN JAMES S III
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Officer
Relationship to Issuer	Director

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	10000	390000.00	46283620	09/02/2026	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	12/18/2008	Pre-IPO Shares	Issuer			10000	12/18/2008	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
James S Mahan Rev Trust 1741 Tiburon Drive Wilmington NC 28403	Common	06/03/2026	10000	364671.37
James S Mahan Rev Trust 1741 Tiburon Drive, Wilmington NC 28403	Common	06/04/2026	10000	372531.45
James S Mahan Rev Trust 741 Tiburon Drive Wilmington NC 28403	Common	06/10/2026	10000	387321.69
James S Mahan Rev Trust 741 Tiburon Drive Wilmington NC 28403	Common	06/11/2026	10000	381850.88
James S Mahan Rev Trust 741 Tiburon Drive Wilmington NC 28403	Common	08/12/2026	10000	427475.33
James S Mahan Rev Trust 741 Tiburon Drive Wilmington NC 28403	Common	08/13/2026	10000	431006.70
James S Mahan Rev Trust 741 Tiburon Drive Wilmington NC 28403	Common	08/19/2026	10000	412350.76
James S Mahan Rev Trust 741 Tiburon Drive Wilmington NC 28403	Common	08/20/2026	10000	405317.46
James S Mahan Rev Trust 741 Tiburon Drive Wilmington NC 28403	Common	08/26/2026	10000	399877.69
James S Mahan Rev Trust 741 Tiburon Drive Wilmington NC 28403	Common	08/27/2026	10000	396589.67

144: Remarks and Signature

Remarks	Today's sale and those that are recorded in the past 3 months occurred in the James S Mahan Rev Trust of which James S. Mahan III is a trustee and account stakeholder.
Date of Notice	09/02/2026
Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1	08/27/2025
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ Jennifer Ruchti, as a duly authorized representative of Fidelity Brokerage Services LLC, as attorney-in-fact for James S. Mahan III
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)